Every autumn we get some version of the same email from a finance team abroad. The Minsk center needs a budget for next year, the board meets in December, could we check the numbers? Usually the numbers are close enough. The structure is what’s off. Social contributions get calculated on full salaries, the HTP deduction […]
Most foreign founders arrive in Belarus with an audit rule of thumb borrowed from home. In the EU, small companies are usually exempt, while in some jurisdictions every subsidiary is audited. Neither assumption holds in Minsk. Belarusian law decides who needs a statutory audit by status, size and a handful of specific events — not […]
Most foreign founders carry the same mental model into a distribution. The subsidiary earns a profit, profit tax is paid, the shareholders declare a dividend, and the money lands in the parent’s account minus a single withholding line. It is a clean picture, and for a company incorporated in a calmer jurisdiction it would mostly […]
Most foreign technology groups arrive in Belarus with a familiar structure: a parent company in the US, the EU, the UK, or the UAE owns a Belarusian entity that writes code, runs an R&D function, or maintains a product for the group. Money moves between them constantly — the local company invoices the parent for […]
An engineer on your Belarusian team flies to a conference in Warsaw. Three days, one hotel, a train, a handful of taxis, and dinners with two prospective partners. The engineer pays for most of it herself and expects the money back. From headquarters this looks like a line item someone approves in an afternoon. On […]
Most IT companies operating in Belarus pay competitively in cash. That part is easy. The harder question — and the one founders, HR directors, and finance teams keep landing on — is what happens beyond the paycheck. Stock options, equity grants, RSUs, phantom shares, multi-year performance bonuses: all standard tools in San Francisco, Berlin, or […]
Belarus was one of the first countries in the world to give cryptocurrency a clear legal home, so it’s a fair question for any tech company hiring there: can you simply pay your developers in Bitcoin, USDT, or your own token? The honest answer is “sometimes, in specific ways, and almost never the way people […]
In the era of digital transformation and accelerated innovation, startups have become a key driver of economic growth. For those building businesses in Belarus, Russia, and neighboring markets, it’s important to understand the mechanisms of venture capital financing. This article will help entrepreneurs, investors, and managers understand the basic principles, stages, and practical nuances of […]
International settlements have become an integral part of business for Belarusian companies that work with foreign partners, provide services abroad, or, conversely, engage overseas contractors. This applies not only to large industrial enterprises but also to representatives of the IT sector, marketing agencies, consulting firms, and other areas focused on the global market. However, making […]
In Belarus, self-employed individuals are those who officially work for themselves without registering as an individual entrepreneur (IE) or legal entity, yet are required to pay taxes on their income. This status suits IT specialists working remotely, photographers, beauty professionals, developers, designers, and other specialists who work independently. Self-employed individuals have specific taxation rules: they […]
Having a bank account is now a vital part of both personal and business life. Choosing the proper banking jurisdiction is a significant decision. This selection greatly influences many aspects of financial management, such as the accessibility of funds, the speed and efficiency of transactions, and the general terms of service provided by the bank. […]
The IT sector remains one of the fastest-growing industries in the Russian economy. The government considers digital technologies a top development priority, which is why special tax regimes and benefits have been introduced for IT companies. These measures aim to support innovative projects, foster the creation of competitive digital solutions, and attract investment into the […]
